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Numerous conferences and sessions held over the first two days provided a comprehensive overview of market trends, featuring many exclusive international speakers. Retail investment has been especially driven by the strong performance of the Italian, Portuguese, and Spanish markets, alongside robust results in the UK.
The company said its continued focus on pricing and promotion management helped expand gross margin to 82.4 It expects to open its first Zambia store in the coming week, marking its 50th market globally. During the period, Lovisa opened its first franchise stores in Ivory Coast, Republic of Congo and Panama. per cent.
Dubai-based retailer and brand distributor GMG is ramping up its expansion in Southeast Asia and Hong Kong as demand for sports and lifestyle products soars. Despite its rapid expansion, GMG remains focused on a localised approach, tailoring its retail strategies to consumer behaviours in Malaysia, Singapore and Indonesia.
And some seven years on, much to the dismay of retailers, it is now starting to shake the tree and become a real force in the market , as Australian shoppers increasingly turn to alternatives to manage the cost-of-living crisis. Amazon announced it posted over $3.1 billion in 2022. million subscribers in Australia.
some entered the Indonesian market in 2019, citing a gap in diverse retail product offerings. some manages a supply chain spanning global sourcing, inventory management, and logistics. Southeast Asia expansion Beyond Indonesia, Oh!some Further global expansion remains under consideration. Retail chain Oh!some
Delivery management platform and post-purchase experience provider, Scurri , today reported a record-breaking performance in 2024, announcing it had processed 154 million shipments through its platform last year, increasing from 115 million in 2023. Scurri facilitated a Gross Merchandise Value (GMV) of total shipments of 16.5
Earlier this month, Desigual partnered with Melbourne-based brand management firm O’Rourke Showroom to unveil its spring-summer collection, further expanding its retail distribution in Asia Pacific. Growing our existing wholesale partners is the main goal and the genesis of the push for further brand presence in the market.
Following the success of fellow Kiwi outdoor brand Kathmandu , outdoor clothing brand Bushbuck is raising equity to speed up its expansion in Australia. The Australian market currently accounts for 16 per cent of its sales, and the company aims to grow that to 38 per cent by 2025.
Craveable Brands has named Ben Simmons as the new marketing director for Oporto Australia, effective from late last year. Simmons was previously the GM of marketing and operations for Taco Bell at Restaurant Brands Australia and the senior marketingmanager at KFC.
After a successful trial period Woolworths is opening its online marketplace offering, Everyday Market, nationwide starting today. We’re starting out with a small group of partners and it really is just the beginning,” said Everyday Market general manager Lance Eerhard. “We
With international expansion on the horizon, we sat down with founder and CEO Shelley Sullivan to talk through the brand’s journey, as well as what makes it tick. Some of our products are made in China, the US, Korea, and Australia, but we’ve managed to have very little price increases. SS: We’re not.
Designworks’ divisional general manager Brooke Norton told Inside Retail that the brand sells about 15 million units each year and is heading towards $200 million in wholesale sales. The market is holdings its breath. Designworks is expanding because it sees opportunities to bring new, international brands into the market.
New Zealand outdoor and lifestyle retailer Kathmandu has taken the wraps off its major global rebrand today, shifting its focus to become more accessible, inclusive and fun, as it prepares for international expansion into Europe. Now’s the time to make sure we have the foundation to launch into other markets as well.
Under the leadership of the brand’s marketing director Nick Jackson, the third generation of the family to run the business, Peter Jackson has rolled out a new e-commerce platform, which supports a seamless omnichannel experience for customers across all touchpoints. So, we see value in our marketing efforts through that scale.
Jerome Bellony, managing director of Clarins Australia and New Zealand, spoke with Inside Retail about entering a new era in how the business connects with customers. We are currently focused on the success of this inaugural store; its performance will guide our plans for future expansion.
Under Accent Group, Next Athleisure will be transformed into a new division named ‘Accent Lifestyle’, with current chief executive Darren Todd joining Accent Group as Accent Lifestyle’s group general manager. The post Accent Group picks up Glue, Next Athleisure in expansion play appeared first on Inside Retail.
Geezy Go, an online-only supermarket that launched in Sydney in August, is setting up shop in Melbourne on Wednesday and will soon hit New Zealand as part of its rapid expansion plan. “We’re New Zealand is one of the markets we will be entering very very soon. It’s a small market, but it’s a great market,” Kohli said.
Geezy Go, an online-only supermarket that launched in Sydney in August, is setting up shop in Melbourne on Wednesday and will soon hit New Zealand as part of its rapid expansion plan. “We’re New Zealand is one of the markets we will be entering very very soon. It’s a small market, but it’s a great market,” Kohli said.
South Koreas largest multi-brand beauty retailer, Olive Young, is setting its sights on the US market with the establishment of a local subsidiary in Los Angeles. Since opening its first store in South Korea in 1999, Olive Young has expanded to more than 1350 stores across its home market. per cent of its traffic coming directly.
During Covid, the retailer lost significant market share when lockdowns and movement restrictions saw many shoppers move online to buy groceries. But this year, amidst surging inflation and the rising cost of living, the retailer has rebuilt its market share as shoppers look to cut costs.
Not content with capturing the Australian and New Zealand market, Group CEO Felicity McGahan said that Nere – which strives to offer an affordable range of suitcases, travel bags and accessories – is adding another sticker to its passport by expanding into the United Kingdom. The market size in the UK market was also exciting.
After enjoying massive growth during the Covid-19 pandemic thanks to the panic-buying-induced toilet paper shortage seen in many countries, the business has expanded significantly: focusing on the US market, and launching a new brand, Good Time , which brings its sustainable focus to the personal care industry. But it’s just the beginning.
“Vertex Ventures Southeast Asia and India brings deep expertise in scaling startups globally with valuable connections across various markets,” he said. “We We believe the guidance and support from Vertex will significantly accelerate our strategic entry into new regional markets.” billion this year.
Bacha Coffee, managed by TWG Tea’s parent company V3 Gourmet, is betting big on its global strategy, injecting €20 million (US$22.2 Rapid expansion The announcement of the opening of the Champs-Élysées store follows the launch of the Bacha Coffee boutique at the Ritz Paris in 2022. The brand is also planning its first store in Japan.
Greenstreat was founded by brothers Jackson and Jesse McGrath, who grew up making salad dressings, sauces and glazes with their family, and selling the products at markets across Australia’s east coast. Brisbane is a different beast, and it took longer to build that brand recognition because it’s a new market,” McGrath said.
Ubsdell explained: Across the board weve seen investment heavily geared towards international expansion and brand elevation. Chris Newell, creative partner, Syn As a marketing agency working within the retail sector, Syn has seen several trends emerge in 2024. 2025 will see brands continue to invest in exclusivity and community.
Great product diversity, changing consumer demands, and the expansion of e-commerce have turned inventory management into a major pain point for retailers. Poor inventory management results in overstocking and under-stocking, impaired cash flow, and losses from theft and spoilage. Here are some reasons why: 1.
Brazilian-founded Acai brand Oakberry is planning to expand its store network across many markets, including Australia, after raising $100 million (US$67 million) in Series C funding. The round was raised through funds managed by the Brazilian investment bank BTG Pactual – the largest investment bank in Latin America.
Infant stage The department store industry is nascent in India since the format (as per the usual definition) does not exist yet, Selvane Mohandas du Mnil, managing director at International Association of Department Stores (IADS), told Inside Retail. per cent expansion. per cent by 2028.
A focus on market profitability in every market, creating a critical and sustainable model for every investor and shareholder. We invested in project Joy last year, now it is about rolling that out across our primary and secondary markets over the next 12-18 months,” Antonius said. New market identification.
Owned by sports and entertainment company Endeavor, IMG manages licensing programs for many global brands and trademarks. The post McDonald’s plans expansive global licensing program in deal with IMG appeared first on Inside Retail Australia.
In an exclusive interview with Franchise Executives, Grant Lee, Concept Eight CEO, said “We think the acai business is still in the early stages of market growth in Australia. The market is categorised by independent, single site operators. Lee is confident in the company’s capacity to manage Acai Brothers’ future.
Here is what Bunnings’ managing director Michael Schneider, Wesfarmers’ health retail director Richard Pearson and TerryWhite Chemmart’s executive general manager Nick Munroe had to say. We’re then able to pass some of that through to the consumer, while also driving business growth and continuing to outperform the market.
The app’s initial rollout covers major cities like New Delhi and Mumbai, with plans for nationwide expansion. The partnership sets a precedent for other Chinese companies previously banned in India to re-enter the market through licensing agreements with Indian firms. Prices start at 350 rupees ($4) for dresses.
Upon completion of the transaction, which is expected to close in the first half of this year, Nordstroms common stock will no longer be listed on any public market. The post Experts weigh in on Nordstroms privatisation deal with El Puerto de Liverpool appeared first on Inside Retail Australia.
A recent survey found that 74 per cent of second-hand shoppers do so to manage their household expenses, while many also create their own thing in resale as a secondary source of income. The second-hand apparel market in Australia is predicted to grow from $578.10 million in 2023 to an estimated $1,598.37
To successfully make the transition into global markets, the best brands understand that no matter how far and wide they grow, maintaining a local feel will foster deeper connections with customers and better resonate with their cultural identities. Process standardisation Any expansion initiative is going to require scalable systems.
The company noted its perfume segment continued to outperform, supported by expansion in both volumes and price/mix, while the beauty segment continued experiencing slower growth due to unit demand. Very tight order and inventory management also contributed to weaker performance in certain markets such as the US, Australia, and China.
Sportswear retailer LSKD has been expanding rapidly throughout Australia in recent years, and has now set its sights on a bigger market: the US. IR: It seems that a lot of Australian retailers are considering international expansion right now. Inside Retail : Earlier this month, LSKD opened its first store in the US, in San Diego.
“As Singapore is a strategic gateway to the Southeast Asian market, it was imperative that we launched stores here,” Washing Zhong, country manager at Descente Singapore, told Inside Retail. According to Fortune Business Insights, the global apparel market size was valued at US$8.7 billion this year to $13.28 billion by 2032.
These expansions demonstrate our commitment to bringing innovative and engaging retail experiences to more customers throughout the region, continually evolving to meet their needs.” Being flexible allows us to tailor our store designs and offerings to meet the unique preferences of each market, adapting quickly to changing consumer trends.
As Vhernier is from Milan, the boutique showcases pure Milanese elegance through its minimalist shapes and soft colour palette, accented with touches of coral and eggshell, Marta Moruzzi, collection merchandising manager and international development at Vhernier, told Inside Retail. per cent during 2024-2032.
During the years affected by Covid-19 pandemic restrictions, when freedom of movement was restricted, Australian retailers redoubled their efforts to consolidate their position in the local market. But, with consumers facing rising inflation and cost of living pressures across the world, the stakes for international expansion are high.
The billion-dollar white goods retailer looks to be seizing the moment and growing market share in a category that is only just starting to take off. GE Appliances partnered with Google Cloud’s generative AI platform and Vertex AI to build out its SmartHQ app an app that allows customers to manage their appliances from home or away.
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